Tag: South Korea
South Korea’s Largest Bank Adopts JPMorgan’s Kinexys Blockchain
KB Kookmin becomes South Korea’s first bank to use JPMorgan’s Kinexys payments network. New service enables faster USD transfers across 10 countries for import and…
Upbit Lists Euler (EUL) on KRW Market as Token Jumps Into Spotlight
Upbit launches EUL KRW trading, expanding direct access for Korean investors. EUL jumped 74% before trading as listing news fueled strong market demand. Upbit imposed…
Circle Teams Up With Kakao and Toss for South Korea USDC Push
Circle signed MOUs with Kakao and Toss to expand USDC infrastructure across South Korea. Partnerships target payments, remittances, settlements, and digital asset connectivity. Circle continues…
Mirae Asset Completes Acquisition of South Korean Crypto Exchange Korbit
Mirae Asset Consulting becomes Korbit’s controlling shareholder after completing regulatory approval procedures. Korbit users will experience no changes as deposits, services, and data policies remain…
South Korea’s CBDC Pilot Faces Scrutiny Over Missing Security Audit
Bank of Korea’s CBDC pilot relied mainly on internal security assessments before launch. No independent audit reviewed Project Hangang during or after real-world testing. Oversight…
South Korea Proposes Law to Seize Self-Custodied Crypto Wallets
South Korea seeks legal authority to seize self-custodied crypto through updated criminal procedures. Proposed warrants must detail wallet addresses, asset amounts, transfers, and secure custody…
South Korea Launches Sanctions Against Upbit Operator Dunamu
South Korea begins sanctions proceedings against Upbit operator Dunamu after hack. FSS reviews Dunamu’s response before deciding possible enforcement measures. Legal gaps may influence penalties…
Naver Delays Dunamu Share Swap Again as Approval Wait Continues
Naver Financial and Dunamu delayed their share swap completion to Dec. 31. FTC review and shareholder approval processes remain the main hurdles. South Korea’s Digital…
South Korean Court Backs Crypto-Specific Asset Seizure Framework
South Korea proposes formal rules for crypto seizure during civil enforcement actions. New framework prevents debtors from hiding digital assets during ongoing lawsuits. Courts gain…
